A look at India and world's major economies

India's economy will chug along, gaining momentum towards the end of 2014.

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Image: Tourists carry earthen pitchers on their heads as they participate in the 'Matka Race' competition as part of the International Camel Festival at Ladera village, near Bikaner, Rajasthan.Photographs: Stringer/Reuters

A look at India and world's major economies

The economy is likely to benefit from a modest recovery in exports and limited financial easing. This year is an election year, and Citi expects that Angela Merkel will remain Chancellor, but with a different coalition partner.

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Image: A woman cools off in the pool of a fountain on a hot summer day in Berlin.Photographs: Alex Domanski/Reuters

A look at India and world's major economies

Citi notes that the depreciation of the Yen combined with the recently announced economic stimulus package concentrated on public works spending will likely increase GDP growth by an additional 0.6 per cent in 2013.

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Image: A woman works next to a sale sign at a shopping district in Tokyo.Photographs: Toru Hanai/Reuters